Frank Rimerman Advisors LLC Increases Holdings in Regions Financial Co. (NYSE:RF)

Frank Rimerman Advisors LLC boosted its position in Regions Financial Co. (NYSE:RF) by 17,150.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 30,360 shares of the bank’s stock after buying an additional 30,184 shares during the period. Frank Rimerman Advisors LLC’s holdings in Regions Financial were worth $608,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. EntryPoint Capital LLC purchased a new stake in shares of Regions Financial in the 1st quarter valued at $26,000. ICA Group Wealth Management LLC acquired a new stake in Regions Financial during the 4th quarter worth about $28,000. MV Capital Management Inc. raised its stake in shares of Regions Financial by 75.6% during the 1st quarter. MV Capital Management Inc. now owns 1,435 shares of the bank’s stock valued at $30,000 after buying an additional 618 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Regions Financial by 530.0% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,493 shares of the bank’s stock valued at $30,000 after buying an additional 1,256 shares during the period. Finally, Innealta Capital LLC purchased a new stake in shares of Regions Financial in the second quarter worth about $32,000. Institutional investors and hedge funds own 79.39% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Evercore ISI lowered their price objective on Regions Financial from $22.00 to $21.00 and set an “in-line” rating on the stock in a research report on Tuesday, June 25th. Morgan Stanley raised their price target on shares of Regions Financial from $25.00 to $28.00 and gave the company an “overweight” rating in a research report on Tuesday, July 30th. Keefe, Bruyette & Woods lowered their target price on shares of Regions Financial from $22.00 to $21.00 and set a “market perform” rating on the stock in a research note on Tuesday, July 9th. StockNews.com upgraded Regions Financial from a “sell” rating to a “hold” rating in a research report on Thursday, September 12th. Finally, Jefferies Financial Group upped their price target on Regions Financial from $22.00 to $24.00 and gave the stock a “buy” rating in a report on Wednesday, July 3rd. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $21.69.

Regions Financial Stock Down 0.9 %

Shares of NYSE:RF opened at $22.91 on Tuesday. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.33. Regions Financial Co. has a 52-week low of $13.72 and a 52-week high of $23.47. The business has a fifty day moving average of $22.12 and a two-hundred day moving average of $20.45. The stock has a market cap of $20.98 billion, a P/E ratio of 12.45, a PEG ratio of 2.82 and a beta of 1.17.

Regions Financial (NYSE:RF) last posted its quarterly earnings results on Friday, July 19th. The bank reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.03. The business had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.76 billion. Regions Financial had a net margin of 18.91% and a return on equity of 12.64%. The business’s revenue for the quarter was down 11.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.59 EPS. On average, research analysts expect that Regions Financial Co. will post 2 earnings per share for the current year.

Regions Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 3rd will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.36%. The ex-dividend date is Tuesday, September 3rd. This is a positive change from Regions Financial’s previous quarterly dividend of $0.24. Regions Financial’s dividend payout ratio is 54.35%.

About Regions Financial

Regions Financial Corporation, a financial holding company, provides banking and bank-related services to individual and corporate customers. It operates through three segments: Corporate Bank, Consumer Bank, and Wealth Management. The Corporate Bank segment offers commercial banking services, such as commercial and industrial, commercial real estate, and investor real estate lending; equipment lease financing; deposit products; and securities underwriting and placement, loan syndication and placement, foreign exchange, derivatives, merger and acquisition, and other advisory services.